Kurdish Bond Opens New Front in Autonomy Battle With Baghdad An Iraqi official said the Kurds who govern the north of the country have no right to sell their own bonds, opening a new dispute between the Baghdad government and the breakaway region. The Kurdistan Regional Government says it has hired Goldman Sachs International and Deutsche Bank AG to gauge interest in a sale of
Read MoreThe Kurdistan Regional Government, which oversees the semi-autonomous region of northern Iraq, has picked Goldman Sachs International and Deutsche Bank AG for a potential bond sale as it seeks greater independence from Baghdad. The two banks will “organize a series of meetings with international fixed-income investors in London, with a view to a potential transaction in th
Read MoreIraq’s oil ministry can sue the Kurdistan regional government for possession of 1 million barrels of crude that have waited in a tanker circling off the Texas coast for more than five months, a U.S. judge said. U.S. District Judge Gray Miller in Houston rejected the Kurds’ claims of sovereign immunity and said the regional government’s plans to sell its crude in the U.S. gave
Read MoreDownload PDF H.E. the Prime Minister esquire; H.E. the Speaker of the Federal Parliament esquire; T.E: Members of the Federal Parliament and Ministers esquires. On 2nd December 2014 a brief announcement was made in Bagdad pertaining to an oil agreement between the Iraqi Federal Government (IFG) and Kurdistan Regional Government (KRG). According to the said announcement (and
Read MoreThe cooperative oil export and revenue-sharing deal reached by leaders in Baghdad and Erbil on Dec. 2 has been promoted as the last chance to end a decade of acrimony over oil policy. The Cabinet has now embedded its terms into the 2015 draft budget law, which is now being considered by Parliament. The Kurdistan Regional Government (KRG) is slated to contribute 250,00
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